Update: Top unusual option activity

By David Russell,

Shutterstock photo

As of today's market close, here are the top 10 names showing unusual option activity on tradeMONSTER's LiveAction data system.  

Goodrich (GR): Option volume 5,131 percent above average. Investors bought and sold calls amid a report that the company would be acquired. GR rose 16 percent to $107.60.

Direxion Daily Gold Miners Bear 2X (DUST): Option volume 2,121 percent above average. There was a surge of activity in the fund and in its inverse, Direxion Daily Gold Miners Bull 2X (NUGT), where volume was 1,287 percent above average, as an investor positioned for volatility in the gold-mining sector.

Flamel Technologies (FLML): Option volume 2,047 percent above average. There was heavy selling in the October 2.50 calls and the October 5 calls. FLML rose 1.75 percent to $4.07.

NovaGold (NG): Option volume 1,197 percent above average. A bearish ratio spread was apparently closed as an investor sold 20,000 December 9 puts and bought 40,000 December 7s -- both against open interest. NG fell 3.07 percent to $7.88.

Rounding out the rest of the top 10 are:

  • Medivation (MWVN): Option volume 1,073 percent above average.
  • Optimer Pharmaceuticals (OPTR): Option volume 855 percent above average.
  • Sangamo BioSciences (SGMO): Option volume 822 percent above average.
  • Momenta Pharmaceuticals (MNTA): Option volume 744 percent above average.
  • Healthsouth (HLS): Option volume 739 percent above average.

Unusual Activity

(Chart courtesy of tradeMONSTER )

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing Options
Referenced Stocks: DUST , FLML , MDVN , NG , NUGT

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